The measure is facing widespread opposition from political leaders on both sides of the aisle, as well as the oil and gas industry.
Technology revolution will reveal a more effective, less costly option for the energy sector, but to the detriment of humans.
The Commonwealth’s leaders want to use the state’s position as a world natural gas giant as a catalyst for significant job and revenue growth.
The industry will have an even lower than expected ceiling on the level of working gas storage at the start of the heating season.
Marcellus and Utica production has resulted in more than $25 billion worth of new gas-fired power plants in Pennsylvania, Ohio and West Virginia.
Brent and WTI have backed off recent highs. Brent fell $2.42/bbl last week to average $82.54/bbl.
North American imports have waned to a minimum following the advent of shale across the continent.
Plus, Exxon Mobil donates to a PAC promoting U.S. carbon tax, offshore drillers Ensco and Rowan agree to merge and Chevron exits Norway.
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